Wednesday, January 18, 2012

China misses a beat, but only just

Business Times: Wed, Jan 18
THOUGH the Chinese economy grew at its slowest pace since 2002, it still expanded 9.2 per cent in 2011 and 8.9 per cent in the last quarter, dissipating fears of a hard landing.

And, though the economy still shows some structural weaknesses with growth expected to slow to 8.5 per cent in 2012, most analysts are confident that it can steer away from the gloom and doom hitting Europe and the US...

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